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Dangote Industries Limited, again emerges as the Most Valuable Brand in Nigeria for 7th time

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Alhaji Aliko Dangote

For the seventh consecutive years, Dangote Industries Limited, has again emerged as most valuable brand in Nigeria, leading other top brands like MTN, Airtel, Access Bank, Globacom and many others.

The latest report of the TOP 50 BRANDS NIGERIA® rankings, an annual celebration of the most influential and valuable brands in the country, revealed this.

Dangote is immediately followed by MTN Nigeria, which not only ranks second overall but also emerged as the Most Popular Brand in the country for the year, according to the Top-of-Mind (TOM) survey. MTN’s   strong consumer connection and widespread recognition highlight its significant impact on the telecommunications sector and beyond.

At the third place this year is Globacom Nigeria, a leading Nigerian multinational telecommunications company known for its innovative solutions and commitment to progress. Globacom’s consistent ranking among the top brands indicate its significant role in Nigeria’s digital and technological advancement. Airtel Nigeria, another key player in the telecommunications sector, secured the fourth position. Access Bank ranked in the fifth position, topping the Banking & Financial Services sector.

The organisers stated that: “This year’s list is a testament to the resilience, innovation, and enduring relevance of brands that continue to shape Nigeria’s economic, particularly in challenging times.

A significant highlight this year is that seven of the first 10 brands out of the 50 are Nigerian, emphasizing the resilience and global competitiveness of home-grown brands, most of which had spread abroad.

Additionally, it is impressive to note the consistency among the top brands, with seven of them maintaining their positions from last year. This stability reflects their continued relevance, strong market presence, and ability to navigate the complexities of the Nigerian business environment.

Nigerian brands account for 24 spots on the top brands list this year, while international brands hold 26 positions, representing 52% of the total.

The 2024 list also witnessed the entry of two new brands, these are Opay Nigeria and Flutterwave, which made their debut in the annual Top 50 evaluation. These new entrants highlight the growing influence of fintech and digital payment platforms in shaping Nigeria’s economic future.

Notably, 14 brands maintained their positions from the previous year, reflecting their consistent performance and consumer trust.

Another set of notes in the presentation are the 10 Brands to Watch – These are vibrant and upcoming brands, who, though not among the 50 Top Brands yet, but with significant visibility and promises. This year, 9 of the 10 Brands to Watch are Nigerian.

During the public presentation, Taiwo Oluboyede, CEO of TOP 50 BRANDS NIGERIA®, commended the       brands for their exceptional performance resilience, particularly in the face of the present economic challenges. “These brands deserve commendation, really, especially in times like this. The past year has been tough for many businesses, with some relocating out of Nigeria and others barely holding on. However, the majority of these brands have shown the resilient Naija spirit by weathering the storms and standing strong with positive projections into the future” He went on “As the saying goes, tough times never last, but tough people do. It’s in times like this that you differentiate between the boys and the men, as these brands have shown.” Concluded Oluboyede.

The 2024 TOP 50 BRANDS NIGERIA® list is a celebration of excellence, resilience, and the relentless pursuit of growth. As these brands continue to innovate and adapt, they set the standard for what it means to be a top brand in Nigeria. We look forward to witnessing their continued success and contribution to Nigeria’s economic development in the years to come.

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FG Obeys Court’s Order, Stops FAAC Allocation to Rivers State

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Senator Bola Ahmad Tinubu

 

The Nigerian government under President Bola Tinubu has confirmed that it has stopped the October monthly Federation Account Allocation Committee (FAAC) revenue payment to Rivers State.

The development comes amid the ongoing face-off between Governor Simi Fubara and the Minister of Federal Capital Territory, Nyesome Wike.

According to the Spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, the decision to stop the payment was made in respect of a court order.

Mokwa disclosed that the Office of the Accountant General of the Federation (OAGF) will respect the court order, which barred the Central Bank of Nigeria (CBN) and the Nigerian government from disbursing monthly allocations to the Rivers State government.

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His words: “What I got is that the October 2024 FAAC has not been distributed yet. However, the Federal Government will obey the court order on the matter of Rivers State allocation.

“We are going to follow due diligence as long as there is no contrary order. In case there is a contrary, the status will remain.”

He added, “The process of disbursement of the October 2024 monthly allocation is going.”

The court order was obtained by the factional Rivers State Assembly, led by Martin Amaewhule, who had filed an originating summons against the Rivers State Executive, under the leadership of Simi Fubara.

The Amaewhule faction had alleged that the Rivers State Executive was yet to comply with the order of a Federal High Court directing it to re-present the 2024 appropriation bill to the faction of the Rivers State House of Assembly.

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Kano Civil Society Forum Board of Trustees Lacks Authority to Suspend Members, Says Amb. Ibrahim Waiya

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The Kano Civil Society Forum (KCSF) Board of Trustees (BOT) has no power to suspend or dismiss any bona fide member of the KCSF, according to Amb. Ibrahim Waiya, the Executive Director of Citizens for Development and Education (CDE).
Waiya’s statement comes in response to reports that the BOT, led by Prof. Mohammad Tabiu, has suspended him from the forum.

Waiya addressed the issue in a press statement, clarifying that the information circulating on social media and other platforms was misguided. “The misguided information in the press release, published on some media platforms, was said to have been signed by one Alhaji Hamisu Isa Sherifai, who paraded himself as the Secretary of the KCSF Board,” Waiya stated.

He emphasized that he does not typically engage in trivial disputes but felt compelled to set the record straight for the benefit of those misled by the media propaganda. “The only crime Amb. Ibrahim Waiya and his colleagues committed was their objection to a kangaroo election organized by BOT to elect the new leadership of KCSF,” Waiya explained. He noted that less than 50 out of 200 registered organizations participated in the election, which he described as lacking accountability, transparency, inclusiveness, and credibility.

Waiya criticized the BOT for not understanding the KCSF constitution and overstepping their boundaries. “KCSF BOT has no right to outrightly suspend any registered member, except on the recommendation of the Executive Council, after a thorough investigation of any offense,” he asserted. He added that the BOT should not assume the role of managing the day-to-day affairs of the organization.

Highlighting the importance of fair hearing, Waiya pointed out that the Nigerian constitution guarantees this right to every citizen. “It is clearly spelt out even in the Nigerian constitution that fair hearing is a fundamental right of every citizen,” he said. Waiya questioned how the BOT received a recommendation from the executive council, given that the BOT-anointed leadership is currently standing trial in a case challenging the validity of the election.

Waiya appealed to all patriotic members of the KCSF, associates, partners, friends, and colleagues to remain calm and disregard the negative propaganda against him. “We must also note that Kano development, the North, and Nigeria are the primary priority of Amb. Ibrahim Waiya, not his reputation,” he stated. Waiya assured that the purported suspension letter holds no water and that the action will be challenged in court.

The statement was signed by Bahir A. Bashir, Media Aid to Amb. Ibrahim Waiya.

 

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Mutiu Adepoju Urges NFF to Retain Augustine Eguavoen as Super Eagles Coach

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Former international, Mutiu Adepoju, has urged the Nigeria Football Federation (NFF) to keep Augustine Eguavoen in charge of the Super Eagles.

Eguavoen took charge of the Super Eagles in interim capacity in September.

The 59-year-old guided the team to qualify for AFCON 2025 with three wins, two draws and one defeat.

The NFF are reportedly still planning to hire a foreign coach for the three-time African champions.

Adepoju however said his former teammate should stay in charge of the team.

“I would rate him very well. Number one, we’ve qualified for the AFCON, which is one of the objectives,” he told Brila FM.

“I would say he has done well and is still doing well.

“They should keep encouraging him. I believe he’s getting things done, I will rate him high, let just keep supporting him.”

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